US Data Deluge Betrays More Small Cracks In MAGA Economy
It’s not terrible. But it’s not “great” – “again” or otherwise.
In Latest Dour News, European Confidence Dives As Industrial Recession Bites
Hold your breath for fiscal stimulus.
Saudi Arabia Agrees To Yemen Ceasefire In Major Geopolitical Deescalation: Reports
The news comes just two weeks after the attacks on the kingdom’s oil infrastructure.
‘The News And Data Have Clearly Worsened’, It’s ‘Time To Play Defense’, One Bank Warns
“Every major economy is seeing a full-blown industrial/manufacturing slowdown”.
Listen: Audio Leaks Of Trump Implying He’ll Execute ‘Spies’ For ‘Treason’
Back in the old days, when we were “smart”.
Trump Suggests He’ll Execute ‘Spies’, Whistle-Blower Said To Be CIA Agent
“We used to handle it a little differently than we do now”.
Mike Pompeo Says ‘Gas Killing Animal’ Assad Carried Out A Chlorine Attack, Raising Specter Of Syria Strikes
“War crimes and crimes against humanity”.
Chinese Corporates To Default On 40% Of Stressed Dollar Bonds Next Year, Bloomberg Imagines
Some expect a “wave” of credit stress.
Whistle-Blower Complaint Suggests Rudy Giuliani Operates As Extra-Governmental, Trump Consigliere
…although Rudy is no Tom Hagen, that’s for sure.
Read The Whistle-Blower Complaint At The Heart Of The Trump Impeachment Inquiry
The “urgent concern”.
‘The Fed And ECB Are Amateurs’: Albert Edwards Says More ‘Monetary Madness’ From Japan To Intensify Global Currency War
“A whole new level of monetary debauchery”.
Former Officials Say Fed Should Buy $250 Billion In Assets Soon, Consider Change To Target Rate After Repo Chaos
“This episode indicates that the operational framework… is not as resilient as it could be”.
While Trump Risks It All On Wild Biden-Ukraine Goose Chase, Elizabeth Warren Laughs Her Way To The Top
The writing is on the wall.
Trump, Visibly Exhausted, Struggles Through Recriminatory, Conspiracy-Laden Press Conference
“It’s all a hoax, folks. It’s all a big hoax.”
Trump Publicly Calls For Hunter Biden Investigation During Media Time With Ukraine’s Zelensky (No, Really)
“Whatever he can do in terms of corruption”.
As Fed Upsizes Repos, Kocherlakota Says ‘Something’s Very Wrong With The Financial System’
“Basic functions” have been disrupted.
Hassan Rouhani Calls Trump An ‘International Pirate’ At UN, Says Mideast Is ‘On Edge Of Collapse’
“A single blunder can fuel a big fire”.
Fact: Trump, Giuliani Tried To Conspire With A Foreign Government Against Joe Biden’s Family
“Whatever you can do… would be great”.
‘There’s A Lot Of Talk About Biden’s Son’: Read The Ukraine Call Transcript
“I will have Mr. Giuliani give you a call and I am also going to have Attorney General Barr call.”
Saudi Oil Capacity Now Rapidly Recovering From Devastating Attack, Aramco IPO Suddenly Imminent
Draw your own conclusions.
‘It’s Happening Again’, Nomura’s McElligott Warns On Risk From ‘Daisy-Chained’ Crash Hedges
Dry kindling waiting for a match.
Macro Tourist: ‘I Have Abandoned My US Equity Longs, Am Leaning Short On A Trading Basis’
“Why the shift in tone? Let me sketch out.”
White House Folds, Will Hand Whistle-Blower Complaint Over To Congress: Report
As Trump would say, “the ratings will be tremendous”.
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